Announced
Financials
Tags
warehousing services
logistics
Third Party Logistics (3PL)
India
Private
Friendly
Single Bidder
Private Equity
Synopsis
CDPQ, one of North America’s largest pension fund managers, has agreed to acquire a minority stake in TVS Logistics Services, the India-based multinational third-party logistics service provider for $155m. Financial terms were not disclosed. “We are happy to have CDPQ, a leading global institutional asset manager, on board. Over the years, we have benefitted from a meaningful partnership with global investors like Goldman Sachs and KKR. We believe CDPQ is the perfect long-term partner for our next phase of growth as we look to expand the scale of our business. TVS Logistics, over the years, has grown at a CAGR of more than 30% and has a strong global track record of growth, both organically and through acquisitions. We look forward to continuing this evolution and building on our successes through a fruitful partnership with CDPQ.” R. Dinesh, TVS Logistics Services Managing Director.
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